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Increasing Opportunity For Reindustrialization Act Legislation by Sen. McCormick Analyzed

Bailey Malota

WASHINGTON, June 3 -- The Increasing Opportunity For Reindustrialization Act, originally introduced by Sen. David McCormick, R-PA, on May 20, 2026, has been analyzed by the Congressional Research Service. This legislation aims to amend the Internal Revenue Code to enable population census tracts that contain former military installations to be designated as qualified opportunity zones, facilitating economic growth and job creation in these areas.

The motivation behind this bill stem . . .

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